1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pani-rosa [81]
4 years ago
14

First​ Class, Inc., expects to sell 26 comma 000 pool cues for $ 13.00 each. Direct materials costs are $ 2.00​, direct manufact

uring labor is $ 6.00​, and manufacturing overhead is $ 0.89 per pool cue. The following inventory levels apply to​ 2019: Beginning inventory Ending inventory Direct materials 28 comma 000 units 28 comma 000 units Workminusinminusprocess inventory 0 units 0 units Finished goods inventory 1 comma 000 units 3 comma 200 units On the 2019 budgeted income​ statement, what amount will be reported for cost of goods​ sold?
Business
1 answer:
Nastasia [14]4 years ago
6 0

Answer:

$231,140

Explanation:

The computation of the amount reported in the cost of goods sold is shown  below:

= Number of pool cues sold × total manufacturing cost per pool cue

where,

Number of pool cues sold would be 26,000 pool cues

And, the total manufacturing cost per pool cue would be

= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue

= $2 + $6 + $0.89

= $8.89

Now put these values to the above formula

So, the value would be equal to

= 26,000 cues × 8.89

= $231,140

You might be interested in
When determining the level of control and independence of an employee or independent contractor, which category covers how the w
tatyana61 [14]

Answer:

A) Behavioural

Explanation:

Behavioral control refers to facts that show whether there is a right to direct or control how the worker does the work. A worker is an employee when the business has the right to direct and control the worker. The business does not have to actually direct or control the way the work is done as long as the employer has the right to direct and control the work.

8 0
4 years ago
Match each of the following terms with their definition - Before-tax cost of debt - Cost of preferred stock - Cost of Common Sto
fomenos

Answer:

Before-tax cost of debt ⇒ A. The interest rate the firm must pay on new long-term borrowing.

This refers to the interest rate that a firm will pay on long term borrowing as compensation to the lenders for lending the company some funds.

Cost of preferred stock ⇒ C. rate of return investors require based on the preferred stock dividend.

The cost of the preferred stock is the rate of the preferred dividend that investors require they are paid every year if dividends can be paid and sometimes even when it cannot.

Cost of Common Stock ⇒ B. the rate of return on retained earnings, and adjusted for flotation costs .

Commons stock costs is the required return on the retained earnings of a company.

WACC ⇒  D. the average cost of raising new financing.

Weighted Average Cost of Capital (WACC) represents the total cost of raising capital for the company as it incorporates the costs of debt, preferred stock and common stock.

3 0
3 years ago
Qué son los anticuerpos <br>​
yulyashka [42]

Answer: Los anticuerpos son proteínas especializadas en forma de Y que se unen como un candado y llave a los invasores extraños del cuerpo, ya sean virus, bacterias, hongos o parásitos. Son el batallón de "búsqueda" del sistema de búsqueda y destrucción del sistema inmunológico, encargado de encontrar un enemigo y marcarlo para su destrucción.

Explanation:

4 0
3 years ago
Read 2 more answers
When agent Tom meets with his sellers to explain his advertising plan, he should make sure the owners understand that:__________
laiz [17]

Answer:

Advertising a similar property can and does create interest in their property

Explanation:

In real estate agents need to effectively market properties in order to sell to consumers.

One way of doing this is by creating awareness in a given market about a particular property type.

When interest in a type of property is created it generates interest that will lead to more sales.

In the given scenario when Tom meets with his sellers to explain his advertising plan, he should make sure the owners understand that to capture a market they need to advertise even products that are similar.

As interest grows it will create a demand for that type of property

7 0
3 years ago
What is micro economy
Stella [2.4K]
Small economy I think or up close economy
5 0
3 years ago
Read 2 more answers
Other questions:
  • When benchmarking a process, it is important to choose another industry similar to yours, so the results will be comparable. Tru
    9·1 answer
  • How do people often buy cars?​
    14·2 answers
  • Juggernaut Satellite Corporation earned $18.5 million for the fiscal year ending yesterday. The firm also paid out 40 percent of
    6·1 answer
  • Fogelberg Company purchased equipment for $30,000. Sales tax on the purchase was $1,500. Other costs incurred were freight charg
    8·1 answer
  • Jake, a store keeper at Triscent Hypermarket, is accused of stealing food products from the store. When confronted by his manage
    7·1 answer
  • Frasquita acquired equipment from the manufacturer on 6/30/2021 and gave a noninterest-bearing note in exchange. Frasquita is ob
    10·1 answer
  • Contracts are typically private agreements in that they bind the two parties and no one else. Thus, parties not in privity of co
    11·1 answer
  • A monopolist finds that a person’s demand for its product depends on the person’s age. The inverse demand function of someone of
    14·1 answer
  • Jorge, the marketing manager for an automobile manufacturer, observes frequent conflicts between two of his subordinates, Taylor
    8·1 answer
  • To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for, Multiple choice question
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!